Cactus, Inc. (NYSE:WHD) is reporting third quarter earnings results on Wednesday 4th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.01 per share.
For the full year, analysts predict revenues of $ 332.23 million, while looking forward to income of $ 0.55 per share.
Previous Quarter Performance
Cactus, Inc. unfold income for the second quarter of $ 0.10 per share, from the revenue of $ 66.55 million. Street analysts expected Cactus, Inc. to report loss of $ 0.01 per share on revenue of $ 60.80 million for the second quarter. The top line results outshined analysts by $ 5.75 million or 9.46 percent.
Stock Performance
Shares of Cactus, Inc. traded up $ 0.42 or 2.35 percent on Tuesday, reaching $ 18.29 with volume of 254.50 thousand shares. Cactus, Inc. has traded high as $ 18.84 and has cracked $ 17.91 on the downward trend
According to the previous trading day, closing price of $ 18.29, representing a 119.00 % increase from the 52 week low of $ 8.16 and a 49.35 % decrease over the 52 week high of $ 35.28.
The company has a market capital of $ 1.38 billion and is part of the Energy sector and Oil & Gas Equipment & Services industry.
Recent Analyst recommendations
- On 16th September 2020, initiated by Scotiabank at Sector Perform rating, with $ 22.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.09 per share on July 29, 2020. The dividend were payable on September 17, 2020 to holders of record as of the close of business on August 31, 2020 and ex-dividend date on August 28, 2020.
Cactus, Inc. designs, manufactures, sells, and rents a range of wellheads and pressure control equipment. The companys principal products include Cactus SafeDrill wellhead systems, frac stacks, zipper manifolds, and production trees.
